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New Insight @KotakSecurities #KotakMidCapMeet15


walthymattersJust heard something useful in Mr Nilesh Shah’s speech  @KotakSecurities #KotakMidCapMeet15.
Kotak Mahindra Bank stared by providing Auto Financing for Maruti Cars and then extended themselves to financing the purchase of other cars and then grew from there on to what it is today.
Moral of the story? First go do something small/limited, exceedingly well and then build on your successes gradually.

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Savings Bank Accounts With Benefits


wealthymatters.comSince the RBI deregulated the interest rates on savings bank accounts last October,it’s possible to make a bit more on the liquid cash we must all keep for day to day use and emergencies.Here is a link to a web page that keeps track of which bank is offering what on its savings bank deposits:http://www.ratekhoj.com/savingsaccounts/results.php.Also,here is a little development the people at ratekhoj.com seem to have missed:http://www.thehindubusinessline.com/industry-and-economy/banking/article2737752.ece.And to save on banking fees consider opening a zero balance account with IDBI Bank etc, where the fees on various services like issuing of DDs have been waived.

PS Karnatka Bank now offers a 5% interest on its savings bank accounts.

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